Friday, October 26, 2007

José Piñera - The Man Who Fought For Prosperity and Democracy in Chile


José Piñera was interviewed March 19, 2005 by Thomas Gur on the Swedish TV programme Global Axess in an episode entitled "The Man Who Fought for Prosperity and Democracy in Chile”.

Dr. Piñera was Chile's Minister of Labor and Social Security (1978-1980). He was responsible for the Social Security Act of 1980 that created a fully funded pension system based on personal retirement accounts, and for the Labor Code of 1979, that re-introduced trade union democracy and decentralized collective bargaining.

Dr. Piñera’s plan gave workers the voluntary choice of opting out of the government run retirement system. Since then 95% of Chilean citizens have opted out of state run social security and the program has been hailed as a massive success. In this presentation, Dr. Piñera shares his rational for supporting such a system, his efforts in implementing it, and the results of his efforts.

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